Electric Capital: AI Agent Crypto Wallets Are Opening New Legal Frontiers

Odaily reported that Avichal Garg, a partner at Electric Capital, pointed out that as the autonomy of AI agents continues to increase, developers are beginning to equip them with crypto wallets. This enables software to hold assets, pay for services, trade tokens, and even hire other AI agents. This trend is driving cryptocurrency technology into a new phase—building financial systems for "non-human entities"—but the relevant legal frameworks remain significantly lagging. He believes that with blockchain's programmable funds, instant settlement, and global accessibility, AI agents can not only make decisions but also independently execute transactions, thereby forming software entities capable of "thinking and performing financial activities."

Garg stated that this model is similar to the emergence of the limited liability company system in the 19th century, unleashing a new threshold of productivity for economic activities. As participation costs continue to decrease, more individuals and teams worldwide can leverage AI agents to create economic value.

However, the core issue still lies in defining legal liability. Since AI itself cannot be punished, if an AI agent with an independent wallet participates in transactions, lending, or commercial activities and causes losses, there is still no clear answer as to who should bear the responsibility. This issue may become a fundamental topic that future regulators must confront.